All areas of taxation : Personal Tax, Corporate Tax. | Suggesting legal structure of business entities. | Transactional advisory - optimal deal structure | T
[TO BE PUBLISHED IN PART II, SECTION 3, SUB SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY]
Government of India
Ministry of Finance
Department of Revenue
(Central Board of Excise and Customs)
Notification No. 07/2014-Customs (N.T)
New Delhi, the 28th January, 2014.
8 Magha, Saka 1935
In the said notification, the following proviso shall be inserted, namely:-
“Provided that the prohibition shall not apply to import of machinery and equipment, which were exported to Bhutan from countries other than India through an Indian place of entry, for use in execution of projects in Bhutan, subject to the conditions that-
i. The importer produces before the Assistant Commissioner of Customs or Deputy Commissioner of Customs the ‘Letter of Guarantee’ or the ‘Bill of Import’ and the other documents based on which the said goods were originally allowed transit clearance from the Indian place of entry to Bhutan, and
ii. The Assistant Commissioner of Customs or Deputy Commissioner of Customs is satisfied regarding the identity of the goods.
[F.No.554/02/2007-LC]
(M. Satish Kumar Reddy)
Director (ICD)
Note:- The principal notification was published in the Gazette of India vide notification number 152/84-Customs, dated the 15th May, 1984, G.S.R.379 (E), dated the 15th May, 1984.
